Soyabean, palm oil imports increase in first quarter

ISLAMABAD: Edible oil imports including soybean and palm into the country during first quarter of current financial year grew by 78.11 percent and 38.53 percent respectively as compare to the imports of the corresponding period of last year.

During the period from July-September, 2017-18 about 101,094 metric tons of soyabean oil valuing US$ 77.155 million imported to fulfill the local consumptions as compared the imports of 24,485 metric tons worth of US$ 43.297 million of the same period last year.

According the data of Pakistan Bureau of Statistics, about 721,097 metric tons of palm oil costing US$ 510.308 million imported in first three months as compared the import of 542,145 metric tons valuing US$ 368.383 million of same period last year.

Meanwhile, tea import into the country during firs quarter also grew by 2 percent and reached at US$ 77.115 million as against the import of US$ 134.448 million of same period last year.

Around 48,794 metric tons of tea imported during last three months as compared the imports of 54,962 metric tons of same period last year.

In last three months of current financial year, about 49,330 metric tons of spices worth US$ 46.439 million imported as compared the imports of 34,322 metric tons valuing US$ 30.631 million of same period last year.

Source Business Recorder

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